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Naked brand nft

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How Are Brands Utilizing The NFTs?

From the above-given examples, there are certain approaches we can witness the brands utilizing with the NFTs:

1. A New Revenue Stream

By offering options like digital collectibles, apparel brands are already making a mark on the Metaverse. This is going to enhance the value of the NFTs. Users can auction these NFTs or store them as collectibles.

2.
Building Brand Loyalty

The exclusive airdrops, discounts, and reward programs attached to NFTs can work to withhold brand loyalty. It can enhance the user experience. By offering unique virtual experiences, utilizing AR/VR, or even offering real-life values, there is a lot that NFTs can provide to the brands.

Correlatively, the same applies to the loyal customers of a brand.

“But some of them really love the idea of owning this digital token and being the one to own this special image their favorite creator minted.”

An NFT sold by Cryptonatrix.

Cryptonatrix

In the past, many sex workers have gotten into cryptocurrency because “adult creators historically have had problems with censorship,” explains Aella, an online sex worker who has sold about five of her nudes, which she had previously uploaded to other platforms, as NFTs for about $600 each. Many mainstream payment processors such as PayPal have refused to process transactions from adult businesses, in the process freezing many sex workers’ funds.

Sex workers have also struggled to maintain a presence on large platforms like Instagram, where they are often subject to shadow-banning and stringent content guidelines.

Coca-Cola is harnessing its history of collectibles with a first NFT as marketers continue experimenting with the intersection of cryptocurrency and culture.

The Atlanta-based beverage giant is selling a series of four NFTs—known as non-fungible tokens—that will be sold as a single asset with proceeds benefiting Special Olympics International. NFTs are digital assets backed by blockchain technology and have seen quick adoption this year by artists and cryptocurrency enthusiasts alike. Interest in the sector has prompted companies ranging from Pringles to the entertainment brand Superplastic to create NFTs with the hope of tapping into the crypto-cultural zeitgeist.

For its digital asset debut, Coca-Cola partnered with Tafi—a Utah-based startup that makes avatars and other virtual content—to resurrect a pixelated version of Coke’s classic 1956 vending machine.

She donned a white corset with baggy, orange and black shorts

The pictures showed her posing while undergoing the 3D scan, shielding her eyes with a quirky pair of visor sunglasses that wrapped all the way around her face.

Madonna wore her bright blonde locks in a sleek straightened style that tumbled down to her waist.

She donned a white corset with baggy, orange and black shorts. She paired the look with fishnet tights and black boots.

Speaking about the project in an Instagram video alongside Beeple, she explained: ‘The opening of each video is essentially me giving birth.

Playboy’s iconic art collection in NFT form.”

In addition to its famed collection of nudes, Playboy’s vaults contain art pieces and editorials, including interviews with former President Jimmy Carter and Black political activists Malcolm X and Martin Luther King Jr.

Rachel Webber, Playboy’s chief brand officer, hinted at the potential value of its vast archive earlier in April when the partnership was announced.

“We wholeheartedly believe in the future of a blockchain- and crypto-powered art world that ensures artist and collector protection, ongoing artist compensation, and the democratization of distribution and collecting,” she said in the release.

It’s no small secret that the nation’s magazines, newspapers and plastic-wrapped porn have seen their collective profits evaporate over the past 20 years.

During 2020, Playboy brought in $148 million in sales, representing an 89% increase in revenue from 2019 despite the Covid-19 pandemic. Its fourth-quarter sales of $46 million were more than double what it brought in the year prior.

Playboy Chief Financial Officer Lance Barton, who spent seven years at Tinder parent Match Group, expects Playboy to do $200 million in sales this year as its direct-to-consumer businesses in sexual wellness, style and apparel accelerate.

Kohn, the CEO, said in March’s earnings call that licensing Playboy’s intellectual and artistic property in the NFT space could be “huge” in the long term.

“And so, I think it’s going to be a combination of leveraging the archives and the art collection, commissioning and working with emerging artists today for new works,” he said at the time.

X’ as she laid topless with her breasts on full display.

Topless: In September 2021, she stripped down for the ‘Gram once again – posing seductively on her bed in nothing but a thong, fishnet tights, and long silk evening gloves

Racy: Madonna used her hand to cover her breasts as she turned her head away from the camera in one of the pics

And in April of the same year, she posted another shirtless photo to her social media.

This one featured her looking away from the camera as her long, blonde hair covered her breasts.

In November 2021, the hitmaker came under fire after she revealed that she didn’t pay her staff while working on a V Magazine photoshoot at the time.

She promoted the cover shoot in a snap that showed photographer Steven Klein holding a knife to her throat while she donned a bunch of tiny braids.

She’s sold almost all of them for at least hundreds of dollars, even though they don’t actually physically exist.

Such works are NFTs, or non-fungible tokens, essentially “digital containers” designed to hold a one-of-a-kind priceless collectible, like an autographed baseball card or a rare stamp. They have particularly gained prominence in the art world, with Grimes recently selling one of her NFTs, a 50-second video, for $390,000; Steve Aoki’s “Dream Catcher” limited art collection brought in $4.25 million in sales (with a record-breaking single-auction price of $888,888.88 paid by former T-Mobile CEO John Legere); and the artist Beeple selling an NFT through an auction at Christie’s for a staggering $69 million.

Money laundering is a serious concern in the NFT space. Art has historically been used by some as a way to launder money (Behr, 2021) and cryptocurrency has enabled this practice to greatly expand due to the lack of financial controls on cryptocurrencies. There is even overt money laundering in the form of “washing” services.

NFT laundering works by minting or buying an NFT, then trading it back and forth with involved parties, artificially inflating the value, until it can be sold for a high price of fresh cryptocurrency. Grifters—who are generally described as bad-faith actors who operate in the gray area of misrepresentation, just shy of the fraud required for being a scammer—will also artificially inflate prices of their NFTs through in-group exchanges.

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